Lamb Weston Holdings, Inc.
For the period ended May 25, 2025. Filed Aug 7, 2025.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 25, 2025 · Filed Aug 7, 2025
Contents
PROXY STATEMENT SUMMARY
In this Proxy Statement, “we,” “us,” “our,” “Company” and “Lamb Weston” refer to Lamb Weston Holdings, Inc.
This summary highlights select information contained elsewhere in this Proxy Statement. This is not a complete description, and you should read the entire Proxy Statement carefully before voting.
ANNUAL MEETING
| Time and Date | 8:00 a.m. MDT on Thursday, September 25, 2025 |
|---|---|
| Place | Lamb Weston Holdings, Inc., 533 S. Rivershore Lane, Eagle, Idaho 83616 |
| Record Date | August 1, 2025 (the “Record Date”) |
| Voting | Stockholders as of the Record Date are entitled to one vote per share of our common stock on each matter to be voted upon at the 2025 Annual Meeting of Stockholders (the "Annual Meeting") |
| Admission | You must register in advance in order to attend the Annual Meeting by following the registration instructions described in Question 17 under “Procedural Matters and Frequently Asked Questions” in this Proxy Statement |
VOTING ITEMS AND BOARD RECOMMENDATION
| Voting Item · Board Recommendation · Page Reference | |||
|---|---|---|---|
| Item 1 – | Election of Directors | For all nominees | 4 |
| Item 2 – | Advisory Vote to Approve Executive Compensation | For | 21 |
| Item 3 – | Ratification of the Selection of KPMG LLP as Independent Auditors for Fiscal Year 2026 | For | 22 |
We will also transact any other business that properly comes before the Annual Meeting.
BOARD OF DIRECTORS
The table below provides summary information about each director nominee as of August 1, 2025.
| Name | Age | DirectorSince | Occupation and Experience | Independent | Audit & Finance | Comp & HC | N&CG |
|---|---|---|---|---|---|---|---|
| Bradley A. Alford (Chairman) | 69 | 2025 | Former Operating Partner, Advent International Corporation | Yes | |||
| Peter J. Bensen | 63 | 2017 | President, Bensen LLC | Yes | Chair | X | |
| Robert J. Coviello | 57 | 2020 | Former Chief Sustainability and Government Affairs Officer, Bunge Global SA | Yes | X | X | |
| André J. Hawaux | 64 | 2017 | Former EVP and Chief Operating Officer, DICK’S Sporting Goods, Inc. | Yes | Chair | ||
| Ruth Kimmelshue | 62 | 2025 | Senior Advisor, Continental Grain Company | Yes | X | X | |
| Lawrence E. Kurzius | 67 | 2025 | Former Executive Chairman, McCormick & Company Incorporated | Yes | X | X | |
| Paul T. Maass | 59 | 2025 | Chief Executive Officer, The Scoular Company | Yes | X | ||
| Timothy R. McLevish | 70 | 2025 | Managing Partner, Strategic Advisory Partners, LLC | Yes | X | ||
| Hala G. Moddelmog | 69 | 2017 | President and Chief Executive Officer, Woodruff Arts Center | Yes | X | Chair | |
| Scott Ostfeld | 48 | 2025 | Managing Partner and Portfolio Manager, JANA Partners Management, LP | Yes | X | X | |
| Norman Prestage | 60 | 2024 | Former Partner, Ernst & Young LLP | Yes | X | ||
| Michael J. Smith | 48 | 2025 | President and Chief Executive Officer, Lamb Weston | No | |||
X = Committee member
EXECUTIVE COMPENSATION SUMMARY
Consistent with the provisions of Section 14A of the Securities Exchange Act of 1934 (the “Exchange Act”) and related U.S. Securities and Exchange Commission (“SEC”) rules, we are asking our stockholders to vote to approve, on an advisory (non-binding) basis, the compensation of our named executive officers, or NEOs (as defined under “Compensation Discussion and Analysis” below). This “say-on-pay” vote is not intended to address any specific item of our compensation program, but rather to address our overall approach to the compensation of our NEOs as described in this Proxy Statement.
Our executive compensation program is designed to encourage and reward behavior that promotes attainment of rigorous annual and long-term goals and sustainable growth for our stockholders. The Compensation and Human Capital Committee (the “Compensation Committee”) of our Board of Directors (the “Board”) believes that the program should accomplish the following objectives:
provide a competitive total compensation opportunity to recruit, retain and motivate talented executives who drive our success;
encourage achievement of strategic and financial objectives and creation of stockholder value;
integrate and balance annual and long-term performance;
align executives’ interests with stockholders’ interests;
manage cost and share dilution; and
not encourage inappropriate risk taking.
As described in further detail under “Compensation Discussion and Analysis” below, consistent with these objectives, our compensation program has been designed with a view toward linking a significant portion of the compensation of each NEO to Company performance and the growth in the value of Lamb Weston. Please read “Compensation Discussion and Analysis” and “Executive Compensation Tables” in this Proxy Statement for additional details about our executive compensation program, including information about our NEOs’ fiscal year 2025 compensation.
AUDITORS
As a matter of good corporate governance practice, we are asking our stockholders to ratify the selection of KPMG LLP as our independent auditors for the fiscal year ending May 31, 2026.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.